Biden’s $715 Billion Pentagon Plan Stirs Debate Over Size, Focus Bloomberg 3 hrs ago © Bloomberg Joe Biden
(Bloomberg) President Joe Biden plans to request $715 billion for his first Pentagon budget, quickly generating a vigorous debate in Congress over how much to spend on defense and how to spend it.
The $715 billion for the Defense Department is 1.6% higher than the $704 billion enacted for this year, but it would amount to a decrease of about 0.4% in real terms adjusted for inflation. The proposal, announced Friday as part of the president’s broader budget plan for the next fiscal year, signals efforts to deter China and Russia by advancing hypersonic weapons and bolstering the U.S. Navy fleet with ballistic missile submarines and unmanned ships.
White House budget proposes billions of dollars for cancer research, opioid crisis response
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Biden Sends Congress $1 5 Trillion Budget Wishlist
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Biden requests $715B for the Pentagon in his first budget, does away with OCO fund
By SARAH CAMMARATA | STARS AND STRIPES Published: April 9, 2021 WASHINGTON President Joe Biden on Friday proposed $715 billion for the Pentagon in its 2022 baseline budget, which is a slight increase from this year’s spending plan. However, Biden’s proposal is a decrease from what former President Donald Trump’s administration had expected to request for the Pentagon in 2022. Lawmakers allocated $704 billion for fiscal year 2021, and Biden’s request Friday would be a 1.5% increase in defense spending. Yet, the budget boost is less than the Trump administration projected for the fiscal year 2022 budget. That budget would have requested the Pentagon get $722 billion for the fiscal year that begins Oct. 1.